PeerDB, a leading data movement platform for PostgreSQL, announced it received $3.6 million in seed round funding. The investors in the round include lead investor 8VC, Y Combinator, Wayfinder Ventures, Webb Investment Network, Flex Capital, Rogue Capital, Pioneer Fund, Orange Collective, and several angel investors.
PeerDB will use the funding round to continue building its engineering team, propelling its go-to-market and client acquisition initiatives, and supporting its growth. And PeerDB’s revenue is doubling every two months.
In the current data and AI landscape, existing data movement and ETL (extract, transform, and load) tools prioritize the extent of the quality of connectors and are not optimized for Postgres. Users often face issues like painfully slow syncs and syncing hundreds of gigabytes of data, which can take days; unreliability, characterized by frequent crashes and loss of data precision; and feature limitations, including a lack of configurability and support for native data types.
PeerDB differentiates itself by prioritizing the quality over the breadth of connectors and tailoring its design specifically for Postgres. With this, PeerDB offers ten times faster data movement at one-fifth the cost.
The introduction and funding of PeerDB are also timely due to the widespread focus on artificial intelligence (AI) and hyperscale data analytics, which often require moving massive amounts of data from primary database platforms like Postgres to data warehouses for AI-based analytics to help provide insights and inform business decisions.
The co-founders of PeerDB, CEO Sai Krishna Srirampur and CTO Kaushik Iska, have been friends since high school and were roommates in college at the International Institute of Information Technology Hyderabad, where they studied computer science. And Sai Krishna Srirampur was an early engineer at Citus Data (acquired by Microsoft). There, he led solutions engineering for all Postgres services on Microsoft Azure. Kaushik Iska built operating systems and led data teams at Google, SafeGraph, and Palantir Technologies. And he also represented India in the International Collegiate Programming Contest (ACM ICPC) World Finals. They have been developing Postgres products for a decade now and have closely worked with Postgres customers running into issues with existing ETL tools.
KEY QUOTES:
“Postgres is becoming the database of the world and the de facto primary database for both enterprises and SMBs. Existing data movement and ETL tools are not built for Postgres – they often fail at scale due to painfully slow syncs, lack of reliability and lack of native features. The time has come for someone to give enough care to the world’s most adopted open source database. Thanks to all our investors and customers for believing in us and sharing our vision.”
– PeerDB CEO and co-founder Sai Krishna Srirampur
“At PeerDB, we’re tackling inefficiencies surrounding Postgres data movement. With fundamental optimizations like parallel snapshotting and handling the nuances around replication slots that are absent in the existing ETL tools, we’re focused on building a system specialized for Postgres at terabyte scale – our approach diverges from traditional methods that falter at scale and resort to resyncs. Our team of Postgres experts not only provides data movement services but also becomes an essential part of client teams, offering advice on database tuning and query optimization. As we brace for the influx of data driven by the era of LLMs, we’re committed to ensuring Postgres data movement remains efficient and scalable.”
– PeerDB CTO and co-founder Kaushik Iska
“8VC’s investment in PeerDB is driven by our conviction in the exponential growth trajectory of Postgres. We see an exceptional team in Sai and Kaushik, whose deep expertise in Postgres positions them uniquely in the marketplace. We believe that a solid narrative around data movement and ETL will play a pivotal role in the success and widespread adoption of Postgres.”
– Bhaskar Ghosh, partner at 8VC
“We’re using PeerDB already for our Postgres to ClickHouse ETL and it’s insanely fast and accurate! We can’t believe how well it works. The PeerDB team has been super helpful in getting us set up, helping us debug, and advising us on everything related to ClickHouse and Postgres. Great work, guys!”
– Neel Mehta, CTO, Fiber AI
